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El Salvador abandons Bitcoin as legal tender

(ticotimes.net)
927 points smallerfish | 5 comments | 04 Feb 25 00:00 UTC | HN request time: 0.23s | source
1. sebmellen ◴[04 Feb 25 00:12 UTC] No.42925326[source]▶
All for a mere $1.4B in international loans from the (supposedly evil and corrupt) IMF…

Wasn’t El Salvador supposed to be Balaji’s first “Network State”? What happened to strike wallet and that whole crypto grifter crew?

replies(4): >>42925370 #>>42925386 #>>42925400 #>>42925622 #
2. xiphias2 ◴[04 Feb 25 00:14 UTC] No.42925370[source]▶
Bukele realized that it's more profitable to leave the legal tender and get a loan and buy Bitcoin from it instead.
3. rozap ◴[04 Feb 25 00:15 UTC] No.42925386[source]▶
> What happened to strike wallet and that whole crypto grifter crew?

They always seem to get out before the prices tumble.

4. ◴[04 Feb 25 00:16 UTC] No.42925400[source]▶
5. hackernudes ◴[04 Feb 25 00:34 UTC] No.42925622[source]▶
Do you mean Chivo wallet? It will probably shut down. Strike is still operating (in many countries including the US and El Salvador) and has a physical office in El Salvador.